Apr 02, 2012, 11.31 AM | Source: Moneycontrol.com
The Nifty might continue to move up or might consolidate for a day or two and then move up, however a continuation is on the cards, says Technical Analyst, Prakash Gaba.
Mohit Gaba (more)
Technical Analyst, www.tradeguruforum.com | Capital Expertise: Equity - Technical
The Nifty opened gap up and continued to move higher throughout the day. A strong bullish day! A further up move is expected towards 5500 levels. The Nifty might continue to move up or might consolidate for a day or two and then move up, however a continuation is on the cards. We could see the Bank Nifty outperform the Nifty over the next week. Hence we can go long.
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